Combine first 6 ingredients, and beat 2 minutes at Medium speed. Pour into a greased and floured 9x13-inch pan. Arrange peaches over the top of batter.
Combine cheese, sugar and peach syrup. Beat 2 minutes. Spoon over peaches. Mix cinnamon and sugar together, and sprinkle over the top. Bake at 350 degrees for 30 to 35 minutes. Store in the refrigerator.